JOYY ( (YY) ) has shared an announcement.
On February 25, 2025, JOYY Inc. announced the completion of its sale of YY Live, its video-based entertainment live streaming business in mainland China, to Baidu, Inc. for a total of approximately $2.1 billion in cash. This transaction, which included a previous payment of $1.86 billion in February 2021 and an additional $240 million received on the closing date, marks a significant shift in JOYY’s business strategy and could impact its market positioning and stakeholder interests.
More about JOYY
JOYY Inc. is a company operating in the video-based entertainment industry, primarily focusing on live streaming services. The company is known for its platform, YY Live, which was a significant part of its operations in mainland China.
YTD Price Performance: 25.94%
Average Trading Volume: 518,067
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.7B
Find detailed analytics on YY stock on TipRanks’ Stock Analysis page.